Category Archives: SUEK

Enterprises of Siberian Coal Power Company in Krasnoyarsk region continue increasing sales to the local market. Last year some 28.7 million tons of coal were supplied to the power plants and housing enterprises of the region, as well as Altai, Novosibirsk and Irkutsk regions, up by 10% YoY. Borodinsky pit demonstrated the highest growth –…

The mine named after Kirov, a part of SUEK-Kuzbass, has met its annual target in advance, having extracted 5 million tons of coal. Despite its age (the mine was created in 1935), it is one of the most advanced mines in Russia. Investments in the mine development in the past 6 years totaled 12 billion…

Nazarovsky Pit, a part of SUEK, has reached the output target for 2018 in advance, having extracted 3.25 million tons of coal. Until the end of the year the company intends to mine some 250 thousand tons more, thus reaching the annual output of 3.5 million tons of coal. The Pit has become the fourth…

Siberian Coal Energy Company (SUEK) plans to invest about 42 billion rubles in expansion of port capacities and at least 30 billion rubles in buying cargo rail cars, Director for Logistics Denis Ilatovsky reported. The company plans to invest 25-30 billion rubles in expansion of capacities of the Daltransugol terminal to 40 million tons from…

This year SUEK (Siberian Coal Power Company) intends to mine some 5.92 million tons of coal in Zabaikalye region, up by 14.7% YoY. To reach this goal the company is constantly replacing and adding new mining and auxiliary machines. Last year the region yielded 21.3 million tons of coal, with SUEK accounting for 83%. (Ukrainian…

The construction of the “7 November-new” mine started in Kemerovo region. The mine will be developing the Sychevskiy-Perspektivniy site deposits. The license for the site was purchased in 2015 to replace the mine named after November 7, which had depleted its resources. The miners have been transferred to the Magistralniy site of the mine named…

Siberian Coal Energy Company (SUEK) plans to hold an initial public offering (IPO), but has no specific timing, Chairman of the board of directors Alexander Landia said. “That’s our plan, be prepared. Because the market is quite volatile. If there is an attractive opportunity, we will be seriously looking at that,” he said and added…

The investment program of Russia’s Siberian Coal Energy Company (SUEK) will amount to 150-200 billion rubles through 2021, CEO Vladimir Rashevsky declared. “The investment program is constantly updated, and estimating very roughly 150-200 billion rubles is the amount of investment that we plan to make in the coming three years,” he said. About 70 billion…

In January-June the enterprises of the Siberian Coal Power Company (SUEK) mined 55.6 million tons of coal, up by 4% YoY. Sales grew by 12%, to 59.9 million tons. Exports increased by 6%, to 28.6 million tons. On the domestic market the sales increased by 18%, to 31.3 million tons. In particular, power-generating enterprises received…

In January-March Siberian Coal Energy Company mined 28.6 million tons of coal, up by 1% YoY. Sales in Q1 grew by 10%, to 31.7 million tons, including non-coal goods. Exports reached 14.2 million tons, up by 10%. The main customers were China, South Korea, Japan, Taiwan, the Netherlands, Poland, Spain, Turkey and Germany. Growth of…

In January-September SUEK enterprises mined 77.9 million tons of coal, down by 1% YoY. Sales increased by 3% YoY, to 76 million tons. Exports grew by 6%, to 39.9 million tons. The main importers were China, South Korea, Japan, the Netherlands, Morocco, Germany, Turkey, Israel, Poland and Spain. Sales on the local market remained on…